exchange rate

[vivian]

Well Eggy, . Im not surprised you havent got any time to do the gardering or anything like that when your always on here because another forum member asked you to find some thing out for them. Your a star You deserve an ouzo. LOL. Viv

[robinm]

In my daily life I run a jewellery wholesale business and our suppliers are mainly from Germany and the U.S. The strengthening euro has had a dramatic effect on our prices in the UK but likewise it is having an adverse effect on exports from the Euro zone. I visit Germany regularly and they are not at all happy with the strength of the euro. I am also in weekly contact with currency dealers and the consencus of opinion is:-

1 The euro is currently overvalued and there will have to be a correction.

2 The correction will not take place in the next few weeks!

Unfortunately we are all at the mercy of speculators and like everything else in life at the moment we have got to grin and bear it. At least I can look forward to a relaxing 2 weeks in Arillas.

[Eggy]

Vivian
I always deserve an Ouzo ,but now ,thanks to your kind words , I'll have 2 termorrer!

RobinM
Interesting post that and I think we should all take notice of it.

Exchange today here is e1.246

Negg

[robinm]

Hi Eggy

It looks like the european central bank will put up interest rates today - this is already having an effect on the euro - it is getting slightly stronger against the £! I did notice in our local Thomas Cook that they are offering euro's at 1.24 to the £ but you have to spend a minimum of £500.

My advice is shop around as travel agents are struggling and will probably do a deal on currency exchange.

Robin

[Eggy]

Robin

I will keep a very close watch on the exchanges here.
( maybe e1,27 by the end of July then? )

Negg

[robinm]

Hi Negg

Could well be. If you follow this link on the BBC website it gives live data on exchange rates.
 http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/12/default.stm

These rates are spot rates and are more closely related to commercial transactions. However it gives a good indication of where rates are going.

Robin

[M n M]

Hi all, got back from Halki yesterday, from the ATM we averaged 1.27 with our Nationwide card to the £ so no charges and spent most of it , Mick.

[Sandy x]

Sounds good to me M n M....

[Eggy]

Robin M

Thanks for that and I've made it one of my "favourites".

Yesterday here it was e 1.248. - It's also good to hear, from M & M about the e1.27 average with Nationwide.

Cheers
Negg

[Peckedhen]

We usually take stirling and exchange it in Arillas.  This time, after reading this, I've decided to get the Nationwide card........but which one do I need apply for, there are three:  the Classic, the cash reward and the Comic Relief?? 

Cheers.
Sue

[Sandy x]

Mine is the Nationwide Flexaccount

[blondegirl]

I am tempted to say the Comic Relief!  Especially if the machine keeps your card - thats no joke!

[justphil]

Oh well, we got just about 1.21 yesterday (before I celebrated and got absolutely like the back end of a small rodent...)

Thomas Cook was the same rate, but went to my own bank branch and they handled issues like card limits etc.

Have taken out a Nationwide Flex Account, but as usual with jen and me, too late for this trip. Will help us in September though. Thanks for the advice Sandy. In September we can spend the few euros we save on some extra Black Russians...

Phil

[riggers]

That is what i like to hear Phil, You have already sorted out what you are going to do with the euros you save. 

riggers...

[Peckedhen]

Thanks Sandy - I'll get on to it ready for September!
Sue